WEEKLY REPORT O
THE
THE CHINA MAIL. FRIDAY, JUNE 23, 1961.
MARKET TEMPO HEIGHTENS
Lombard
16.50
Tio or Down
☆
STOCKS NEW YORK
DECLINE IN LAZIEST SESSION
New York, 22.
Re-diversion of Stocks closed lower today in just about the
capital pushes
HONGKONG STOCK EXCHANGE
* The share market at a glance ✰
Dividend
May 25
June 1
Jane 8
June 15
HK Bank
414
408
424
410
4D
5011
50s
50%
June 32 422
4934
+0
-500
✰ Bonum
$00. $2.25
Yield (%)
2.9
4.5
Wheelock
10,60
16.40
1814
1032
+400
750
HK Whart
388
380
360
388
404
+16
$12
HK Docks
114
112
120
113
** 112
steady
Talkon Docks
13
72
7214
7416
7034
+2
34 $3.20
4.2
Provident
3237
3316
315
3471
2514
++ 50
$1.30
HK Hotels
4614
451%
46
401
40A%
+100
$3
HK Lands
74
73
74
15
70
+1
$2.40
HK Really
211
2.65
2.70
2.75
2.775
+2340
13.750
HK Trams
3814
391%
39
4031
4294
+2
82.03
214
238
233
238
240
+2
$10.50
Yaumalls
135
134
133
138
136
stently
$0.50
Ch Light
37
388%
371%
3741
+250
51.10
Electrics
3741
37
37
3731
38
++250
$1.70
4.5
HR Telephone
6214
B216
35
BTAG
+244
$1.75
3
8014
40
0614
G714
0744
steady
30%
3811
30
30
401
+14
$2
4.0
40
46
50
33
534b
+++500
$2.50
4.7
5114
5144
504b
31
53
+2
$2.75
5.2
15.70n
1514
15.10
15.30
10.30
+1
750
4.0
J2.40
12.10
11.70
13
1314
+500
$1.25
9.2
20.40A
209
24.80
25,40
27%
+2.10
Ûle
3.3
814
9.308
7.95
7.00
7.80
-100
800
18.30
13.80
80%
753%
13.70 7012
13.10xd
13.10xd
steady
$1.10
82
#3
52.80.
3.4
Star Ferry
G. I. Cement
Dairy Farm
A. H. Watson
Lane, Crawford
Int'l Investment.
Allied
HK & FE Inv
Textile Corp
Nanyang
Kowloon Motor Bus
• When shares were five times their present valuo, Expected dividend for year ended February 28, 1961.
-----་
MOREandMORE
PEOPLE ARE OPENING
BANK
DEPOSIT ACCOUNTS
with
LOMBARD BANKING
SECURITY Share Capital and Reserves
exceed £12,000,000.
INTEREST. Your funds carn laterest fromt the day you deposit until the day you withdraw.
SAFETY
NO Capital Depreciation,
ASSETS EXCEED £100,000,000
Interest paid without deduction of Valted Kingdom
Income Tax.
Write today to the General Manager for your copy of "Bank Deposit Account" booklet No. A.O. 74.
LOMBARD BANKING
LIMITED DANKERS
Head Office:
LOMBARD BOUSE
CURZON STREET, PARK LANE, LONDON W.1
GIDarmor 4th 130 listen)
A World-Wide Banking und Finance Organtiation
London stocks decline in
most sections
London, June 22.
Stock markets were uncertain and with buyers away minus signs appeared in nearly all sec- tiona.
Even the Chancellor of the Exchequer's statement on the economile situation in which he reiterated the government's stand of maintaining sterling in spite of the Canadian move, failed to arouse any chthusiasm,
Glit edged were a poor market with the long and undated issues muving lower. War Loan 34 per cent fell one-eighth to 53%, and Consols 2% per cent one- fourth to 30.
Steela recovered after earlier falls.
their
Most industrials showed minor josses.
In motors, the British Molar Corporation were dull on fears of loss of Canadian orders.
Canadian dollar stocles were marked up but US, issues reflected the easter trend on Wall Street overnight,
Tins met
profit-laiding and showed fails running Into several shilings.
Oils moved narrowly to close with a mixed appearancE,
Forcism bonds were quiet. Rubbers and leas
were idle.
- UPI.
Closing prices
British Government Securities 27. Consolidated-£31.
Converton-EM.
34 1933/85-934.
37
TUCO/70-76 37, Séviņās 1908/75–27TON,
Overseas Bondi
5%, German (Dawes)-20314. 62 Japanese, Assented—£150%. Barska Insurance
Barcloys Ord-80s. Chartered Bank-574. Guardian Assurance-bos. Hongkong Bank-4105. Landel Trust-47 3d,"
SECOND HONG KONG FUND
SPECIAL OFFER OF 300,000 UNITS AT $1.03 PER UNIT PAYABLE IN FULL ON APPLICATION
LISTS CLOSE TUESDAY, 27TH JUNE, 1961
All shares included in the Trust Fund are shares quoted on the Hong Kong Stock Exchange
Applications must be made in multiples of 100 units, subject to a minimum holding of 500 units in the first instance
APPLICATION FORM
Payment must be made in full with this application.
To: Hong Kong Unit Fund Limited
7th Floors House,
KONG.
I/We hereby apply for japanese units in the Second Hong Kong Fund at the advertised price of $1.03 per unll, in serordance with the conditions contained in the ulter and subject to the forms of the Trust Deed dated 14th March, 1901.
I/We enclose cheque/money order/canlı for $............... being payment in full for the number of units applied for. I/We understand that the money will be returned to mesue in full if no Units are
allotted
1/We declaro that I/We amaro over åt years of age,
SURNAME(5) (In English)
(case state Mr. Mrs, or Mix)
OTHER NAME(5) IN FULL
ADDRESS
SIGNATURE(S)
Telephone No.
Dato
(DLOCK LETTERS)
Lloyds Bank-74μ Id. Lombard Banking Ord-18 4190 Prudential Amur. "A"-23-11718.
loyal Insurance Ord,-1685 Dd.
QU British Petroleum-408 3. Burmah OU-30 40. Shelf Transpor
Royal
Ord-12ts Ud.
Vitromar Company-30s 6.
Steels Ragineering Babcock Wilcox Ord-30s Dd. Darman, Long-33a dd. Gurat. Keen Ord119 50. Harland & Wout Ord-10 Alwarts & bluyda (
10
"od." Summers & Soña de
Tube Investments-70». United Steel—Bir Tişd. Vicker Ord.—33 7}d.
Electric
Assoc. Elec. Industries-404 9d, Brit. Electronte Ind-13% (d. Flee. & Mus. Industries dis dd. English Electric Ord-34a Od. General Elecirle Ord-343 Ed. Philips Lamp Works-C Rediffusion Grd.--448 4352.
Industrial,
Assoc. Portland Cement-803 od. Boardman Marden Ord.---8′′ 38. Horax (Holding)-18s 100. Becca Records Ord-61n ud. tintop Rubber Ord-263 1150. Finons Ord-105 1050.
up volume
HONGKONG
STOCK EXCHANGE
laziost session of the year. Activity was under three million shares for the first time since the initial session of 1961.
The Dow Jones Industrial Average was down a bit, heavier losses showing outside the leading Industrial group.
General Dynamics sank around two on
dividend omission, Ling-Temco TOGU The main feature of the Hongkong Stock nearly 14, Lockheed nearly 1
Ampex about 3, Transitron M Market this week was the ro-diversion and Publicker Industries A into the market of part of the huge large fraction.
almost down
anil amount of capital being refunded to
Republic unanimously,
3 and Lauguin about unsuccessful applicants of Jardine's Jones
point or 50. Dupont lost close shares.
to a point, Allied Chemical and Eastman This caused a sudden spurt in trading activity, same amount.
Kodak nearly
Business done nt the Hong- brought small to medium gains to share Other big losers included
this Exchange Stock kong Com Products, prices on a broad front, and brought the Helene Curtis,
Honeywell, #3d MGM all morning amounted to approxi- volume of business to near record heights. down around two or more,nately $4,500,000. Noon quota- Instruments dropped tons and the morning's trans- For some Uime previously, allocation of Jardine's
shares, Texas the market had been quiet to The day's turnover was appro-about four.
Aldens, Inc., International Bhares Buyers Bellers moderately active.
The sudden spurt began on Tuesday when the approximate turnover reached $12,450,000 which was more than double that of the previous day.
Trond continued
ximately $3,600,000.00.
siccis
were
the
Dividend & Bonus announce- nickel, and Richardson-Merrell were among the good gainers. ments during the wech:
rising more than a point each.
Dow-Jones closing averages: 30 Industrials 835.70 of 0.30 20 Rails
14.10 of 0.22 15 Ulhilles
011.72 off 0.11 05 Stock
227.64 of 0.20
-UPI.
Wheelock Marden & Co., Ltd. Interim 50 cents per share, and proposed new issue, 1 new share for every 2 shares held upon payment of $10.
10
The trend continued on Wed-
Allied Investor Corp. Ltd. Fl- nesday and yesterday, the turn- nal 50 cents per share, and bonus over being respectively $8,000,000 issue, proportion one new fully (second highest for a Wednes-paid up share for every day half-day session) and $12,-shares held on 14.7.1081. 700,000.
Peak Tram Bonus Issue, three However, the market cased a
[fully paid) shores for every pared with the morning session.tfully paid) shares for every 36 little yesterday afternoon com- eight fully paid shares, and three
Hongkong Bank shares reach-partly paid shares.
with
ed $420, before closing at $422 Monday: The morning session yesterday, a gain of $6 com- was quiet and cautions pared with the previous week. price changes very small.
Hongkong Wharves made a 21⁄2 percent overnight jump en Wednesday, the price being $400. They closed at $101 yes- terday.
The best percentage rise (12 percent) was seen in Hong- kong and Far East Invesi- ments, moving up from $25.40 to $2714
after at the close touching $28. The volume of business for the week under review (Friday to yesterday) was about $42, 700,000, compared with $20,- 040,000 the previous week.
The Hongkong Unit Fannds Limited have made a special offer to the public of 300,000 units at $1.03 per unit of the Second Hongkong Fund. Thc offer opened yesterday and will close on Tuesday, June 27 at 3.30 pm.
Today's selling price of the Second Hongkong Fund is $1.00 per unit. The buying price is $1. The First Hongitong Fund's prices are: $1.33 (buyer), $1.41 (seller).
Buyers obviously waited for an easier tendency in the after- noon but were disappointed, the movement although Imctional
was generally upward and the market appreciably stronger.
Gas shares broke through the $23
U.S.-Japan
economic
committee
Washington, Juno 22.
Our Own Celtaspanden);
actions:
1 Bank.. 420 422
Lon. Bek
E Asia Wharf Talkoo
Baler
006424
EO + 474
100 L 423
*
$424
120 $22
205 420
118
404 100 400
100 70
10075
7511
20
400 75:2
HK Gas...
23.10 23.20
2000 23.30
2006 23.30
DOJ + 23.10
Wheelock Ex. All
barrier on an unusually The United States and Japan | FIKK Dock ..
inrge volume, while Bank shares were done at $416.
Turnover was approximately $5,290,000.00.
Tuesday:
5000 6
1000 201 1400 A 33,40 20302130 1000 2 13.20
200 23.30
2000 23.20
2000 2ND 10002320
14.40 141 2000 14,00
5000 14.50
1000 141
7000 e 1434
112
113
200 113
100 112
today established a joint
Provident - 2312 303 3000 or 2314 economic and trado com- mittee of #ix Cabinot Hotel. members each which will meet alternatoly in Wash- HK Land.. Tokyo ington and
to "'eliminate conflict" in
1000 40 4034
600 40% 5000401%
75 7516 1300 74
$00 470 600 F 75%
Stia
.00
17
thair trade and financial policies.
The economic committee will Yaumati meet at least once a year.
Today was one of the busical days un record with
rising prices
as the demandi overcoine the supply. Galas were fairly evenly spread and almost at a uniform rate. Gas shares led the board twice i leading the utility section which showed the greatest volume, Wheelocks did not quite reach the $17 mark but at the close sellers would not sell below. This will mean that more than The tempo at the end was fast half of the US. Cabinet will go and the market was very strong to Tokyo at least every other with a turnover of approximate- year. It will also mean that six ly $12,450,000.00.
Japanese cabinet members will Wednesday: Yesterday's trend come to Washington to and pace were continued today, meetings. but the interest appeared to be The portfolio of First Hong-
This was more evenly spread. More sell- kong Fund is:
The Hongkong & Shanghai from rising to any
ers appeared, which kept prices | result of three days of conter- Chemicals
great de- ences among President Kennedy, Imperial Chemical Ord-71 435.
Banking Corporation; Inter- gree, but the trend was still Japan's Prime Minister Hayato Alonaanto Chemicals Ord-22s 4d, national Investment Corporation upward and volume caused con- Ikeda and other high officials on
Ltd.; Hongkong & Far Eastern siderable congestion On the seeking closer partnership be Investment Co., Ltd, Gilman board. HK Far Eastern Invesi- tween the SWD
big non- (Holdings) Ltd; Unlon Water-ments gained while Allied In-Communist
powers of the boat Co., Ltd.; Wheelock Marden vestors cased a little after a Pacific. & Co., Ltd., The Talkoo Dock- good start. Dairy Farms were yard & Engineering Co. of Hong-dono at $10%1⁄2 and Wheelocks kung Ltd The Hongkong & at $17. Tumover for the half Shanghai Hotels Ltd.: The Hong-day was approximately $8,600,- kong Land Investment & Agency 000.00.
Gilman (Holdinga) Ord.-da 41%d. International Computers-dia Od. Turner & Nowall Ord.---C03. Unilever Ord-1423 14, Wiggins' Teape Ord-02; (d.
Cinemia & Television Mosa Empires Ord-Da du. Hank Organisation Ord-20s 1d. Sloll Theatres-78 1054.
Paper
Bowater Paper Ori-67 48. De La Rue Ord-30% dt. Spicers Ord-5ts.
Tobaccos
British-Amer, Toh, Ord-66s 450, Carreras "B" Ord-39. Imperial Tobacco Ord-099 34.
Motors
British Motor Ord-15s 30. Hawker Siddeley Ord-vs sd, Jaguar Cork Ord-100= 70. Taks-hoyce Ord-439 18:ŷd. Westland Aircraft-03 754.
Texules
Bradford Dyer-10. Callco Prinfers' Ord-12 100, Courtaulda Ord-37′′ 105. Fine Sinners Dru-20 Lancashire Cotton Ord-30, 74%d. fireweries Distillers Co. Ord-Jða Tijd. Guinness (Arthur), Ord-641 80. Ind Coope Drd-4 1.
Atores Great Universal "A" Orthda 18d.
House of Fraser Ord-5p tid. 1yonɛ (J) "A" Ord--76% 6. Maris de Buoncer "A" Ord-13
· & Lyle Ord-488 30. Unlied Drapery Ord--728 36. Woolworth (W.) Drd.-658 1d.
Miscellaneous Bowmaker Ord--201 34.
Brit. Commonweal Ship, Ord-36 Canadian Fatille Ord-$46- Cunard Steamship Ord-50_493. Forestal Land & Timbers 4:50. Furness Withy Onl47 8 Hongkong & Clilna Goa-mIŠA, Hudson Bay Co.-E9-19/12. Indo-China Dot, Ord-22 Land Securities Ord-32a.
¿
3d.
P. & O, Bleam Nav. Det-40 2
Minas
De Bears Def—1709
Landon T Corp-205.
1-128.
Petaling Tjo-lis Od. Rhokana Corp-438 11pd. Hio Tinto liearer)-37_Gel Rosn Antelope Copper-0% 411⁄2¢. Union Corporation-45s. Welkom Gold Mining-12 74. West an
Trunt-409.
Western Ho
Rubber & Teas Anglo Indonesia 20
Plant-4 üd, Ceylon Tea Imperial Tea Ord-18s d Kuala Lumpir-Kepong--3s 3. Lambak Rubber-dis J.
Itoutor,
Agreed merchant
Co. Ltd.; Hongkong Tramways Ltd.; Hongkong
燕
Yaumati
Ferry Co., Ltd.; China Light & Power Co., Ltd.; The Hongkung Electric Co., Ltd.: Hongkong Telephone Co., Ltd.; The Hong- kong & China Gas Co., Ltd.; The Green Island Cement Co., Ltd; Lane, Crawford, Ltd.: The Texille Corporation of Hong- kong Lid; Nanyang Catton Mill Ltd.; Ainalgamated Rubber Estates Ltd.; The Rubber Trust Ltd: City Hotels Ltd.; Dairy Farm, Ice & Cold Storage Co, Ltd.; A. S. Weison & Co., Ltd.; Jardine, Matheson & Co., Ltd.
The portfolio of Second Hong- kong Fund is:
:
g
132
130
100137
1400 GT 73
100+4915
100 * 50
440 or 4015
200 11 100 g 135 300 un 130
10% to 133
100134
43% 1000 et 4224
100 43 4000 49%
1000 + 3731 1000 k 37
НК Tram
4331
altend
Ch. Light
374 37
the most specific
Electric
374
38 5000
A communique issued by Mr Kennedy and Mr Ikeda also Telephone pledged close consultations on major world issues.-UPI.
COMMODITY PRICES
RUBBER
NEW YORK Rubber futures closing prlees, all in cents per lb.
July
Sept.
Nov.
Jan.
Mar
May
LIVERPOOL
៥៥ BY
G.L Cement aft
10%
Closing prices all in pence Dairy Farm
Texulo Nenyong
per lb.:
American Contract
July
23.09
LACE.
Watson Alised
TV 13.33 1319
Dec.
Mar.
24.00
1000
1000
May
July
20.10
7.70 7.80
REX Standard
70.10 30.33
Mixed Contract
July
34.00
17.70 33.10° 2009 @ 13.
29.00 29.15
2000 12,00
OcL
24.00
30.70
20.13
Dec.
24,83
18.70
Mat.
23.20
Amal.
lub.
28,83
Мву
29.20
21.03
July
-UPI,
Rub. Trust.
City Hotel
LONDON
Humphreys
Closing prices all in pence per
2415-25
2472-23
25-23
METALS
The Hongkong & Shanghai Banking Corporation; Inter- notional Investment Corporation Ild.; Gliman (Holdings) Ltd; b. Hongitung & For Eastern Invest- No. Ren spot ment Co., Ltd.; Wheelock Marden Settlement house dermi Whampoa Dock Co., Ltd.; Talkoo & Co., Lud; Hongkong & July
#5-25 Dockyard & Engineering Co. of JanJar.
2595-253 Apr.Dune Hongkong Ltd.; China Provident
240-233 July Hept.
25-23 Co., Ltd.; Hongkang & Shanghai General markets, c.lf, basin, part: Hotels Ltd.; Humphreys Estale July
2419-241 per long ton. AUR. & Finance Co., Ltd.; Hongkong Esiste crepe thin July
2414-213
Tin spot 3-month Copper spot Vra
3-month
Intel July...
COTTON
Realty & Trust Co., Ltd.; Hong- kong Tramways Lid.; Kowloon Motor Bus Co. (1933) Ltd.; Star Ferry Co., Ltd.; Hongkong d Yauma Ferry Co., Ltd.; China Light & Power Co., Ltd.; Hong- kong Electric Co., Ltd.; Hong- kong Telephone Co., Ltd. Hong- kong & China Gas Co., Ltd.; Green loland Cement Co., Ltd.; Dairy Farm, Ice & Cold Storage Co., Ltd Textile Corporation of per bi Hongkong Ltd.; Nanyang Cotton Mill Ltd.; Amalgamated Hubber Estates Ltd.; The Rubber Trust Ltd.; Jardine, Mathenow & Co., {
Ltd.
Market diary
NEW YORK Closing prices all in cents
LONDON
Closing prices, all in sterling
Lead Spot 3-monthi
Zine Spot S-month
buyers sellerm
920 950
230 230!!
T
1000 or 12.00
1000 0.05
0.00 0.45
1.00 *
1000 0.53
034 100 or 30
Realty (0) 21 2775 2000
1000 g 28.10
2000 g 275 10000
Леніну
{N}
KMB
DI
$2.10
212 100 210
Blar Forty Lane,
Craw. 83%
55 2009
K315 1500 54
Int'l
145%
1.00
00
300 27.19
FOREIGN EXCHANGE
LONDON
Closing rates:
Montreal
27036-2703% 100-267 10.01-10,014 139.00-199 0 16.8236-19.32
200 65
Invest 1810 10.30 1900 et 10.00 4200 10.20 HK & FE
Inv.
275 27.70 3000 271
Gilman
Ampy Union ijoat UnderwriteTM Asia Nav...
500 G
1.33 5.35 2000 A 5.40
4000.00 2000 + $.30
200 @ 15
Exchange rates
Businem was dote in the locat excitings, market this ineralng at the following' salon US dollar. (per_83)- KERANGKEPT | Sterling noles (per 43)
Australian notes (per di) Indoening uplate (per 201 0216-120316 ·| Plam 1500 (5¥ 100}"
·UPL. Singapore (Mirants), JN
July
33.17
Ort.
3401
Dec.
3447
Mar
20.20
May
30.03
July
25.30
Ocf.
34.31
New York
Dec.
Anisterdatn
whose
CM June #
74
Friday: Price changes were megligible on a small volume
(Closing prices all in cruzeiran Canadian Dollars maximum with a tendency to rise frac per lo). seiling 17 11/16, minimum huy- tionally in the afternoon.' Thero Average price in US, at 14 Blockhožní ing 10 TT.; 181/10 Q4).
were no featurca Worthy of designated spot markets: 02.30 Mita Bwiss Francs maxinitiin selling | stute, investors apperalių to be | centi.
Waiting for the details of the Total sales: 6,039 ples.
BAO TAULO
All unquoted.
Copenhagen Frankfurt
Dalo
10-
Haria
Viens
Zurich
(in the case of joint appijsations all persons must siga. Corporations should complets under ille hand of an authorsapsi offeur designation should be stated)
rates